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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Warehouses
6600 Schaaf Rd Independence, OH 44131-1316
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1702252
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
TYPE NOT SPECIFIED
Total area
10,626 SF
Lot
23.58 ac (1,027,332 SF)
Zoning code
U-6
APN
561-07-011
UPID
US66-1702252
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$494k
Blend (final)
Blend
$630k
Owner & transaction history
Jennifer Diegernies · 1 yrs held
Jennifer Diegernies
since 2024
Last sale
$1,950
5 recorded transactions
Zoning & alternative use
U-6 · Independence, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$945,000
+73.7%
Commercial (general)
$880,000
+61.8%
Apartment house (5+ units)
$785,000
+44.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Independence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Independence submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$885,000
6.5%
$815,000
7%
$755,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$545,000
Current use
AUTO REPAIR, GARAGE
$945,000
Change: +74% · Conversion: Easy
COMMERCIAL (GENERAL)
$880,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$785,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $2k (Sep 9 2024)
Last sale anchor
$2k
Sep 9 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$59 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$34,622
Tax year 2023
Assessed value
$553,040
Assessed 2023
Previous assessed
$553,040
+0.0% YoY
Effective rate
6.26%
On assessed value
Assessed land
$370,060
Assessed improvement
$182,980
Land market value
$1,057,300
Improvement market value
$522,800
Total market value
$1,580,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Buildings
8
Stories
1
Total area
10,626 SF
Lot
23.58 ac (1,027,332 SF)
Zoning code
U-6
APN
561-07-011
UPID
US66-1702252
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-6 · Independence, OH
Zoning U-6 · permitted uses
U-6 · Independence, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Independence. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$945,000
COMMERCIAL (GENERAL)
Est. value
$880,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$785,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Buildings
8
Lot
23.58 ac
Current owner
From public records · entity-resolved
Jennifer Diegernies
Individual
Free & Clear · 1 yrs held
Mailing address
5720 E SCHAAF RD, INDEPENDENCE, OH 44131-1308
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2024
$1,950
Jennifer Diegernies
Independence Excavating INC
Warranty Deed
—
Sep 22, 2022
$810,000
Vrk Holding LLC
Independence Excavating INC
Limited Warranty Deed
—
Jan 14, 2011
—
Independence Excavating INC
—
Deed Of Trust
related
$2,000,000 · Independence Bank Fsb
Dec 22, 1999
$3,000,000
Independence Excavating INC
Hopewell Development Co
Grant Deed
$5,186,700 · National City Bank
—
—
Independence Excavating INC
—
Deed Of Trust
related
$450,000 · National City Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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